Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

HK Type 4 license through Ballingal Investment Advisors Ltd. ("BIA" or "BIAL")

BACKGROUND
I have 20+yrs experience in Asia doing alternative strategies (i.e. non-delta1 non long-only) in fixed income, equity derivatives, and activist/catalyst/event-driven and long-short equity strategies with most of that time spent managing money. 

4 years in fixed income macro, 8 years running internal hedge fund and 4yrs investment banking at Citi in Japan, 3 years running an Asia multi-strat portfolio at a hedge fund, 4+yrs as an independent special situations analyst.

Pan-Asia Catalysts/Events

OZ Minerals - Circumstances May Merit a Revised Tilt

OZ Minerals - Circumstances Apparently Do NOT Merit a Revised Tilt

OZ Minerals (OZL) - Copper and Comps Have Caught Up

Oz Minerals Rejects BHP's Opportunistic Foray - Expect More

Battle Lines Drawn As BABA Builds Out First/Last-Mile Capacity; But Who Will Fund 75+ Bn CNY CapEx?

S&P/​​​​​​ASX Quiddity Leaderboard Sep 2022: Potential ADDs Could Outperform Potential DELs

Quiddity Advisors

Event-Driven

<ul>
<li>Six+ weeks ago, <a href="https://www.smartkarma.com/entities/bhp-group-ltd" target="_blank" data-smartkarma-citation="entities:147:1" rel="noopener">BHP Group Ltd (BHP AU)</a> approached <a href="https://www.smartkarma.com/entities/oz-minerals-ltd" target="_blank" data-smartkarma-citation="entities:1138:1" rel="noopener">OZ Minerals Ltd (OZL AU)</a> with a bid of A$25/share. Oz very quickly rejected it and said it was worth more.</li>
<li>The back and forth immediately post-rejection was not conciliatory. My expectation was that if they came back quickly, they'd have to pay A$30. But coming back quickly was tough.</li>
<li>There are hints now that may be the price. But it may not be. It will take time. </li>
</ul>


Six+ weeks ago, BHP Group Ltd (BHP AU) approached OZ Minerals Ltd (OZL AU) with a bid of A$25/share. Oz very quickly rejected it and said it was worth more.
The back and forth immediately post-rejection was not conciliatory. My expectation was that if they came back quickly, they'd have to pay A$30. But coming back quickly was tough.
There are hints now that may be the price. But it may not be. It will take time. 


OZ Minerals May Be Narrowing the Price Gap to a BHP Deal